LRD Booklets November 2011
Workplace pensions reform - a practical guide to auto-enrolment
This practical guide examines the different kinds of pension scheme that employers may have and how they qualify for use in auto-enrolment, particularly the defined contribution (DC) type likely to become more widespread, and the government-backed NEST scheme. It concludes by looking at what safeguards are available for workers and union members under auto-enrolment.
Introduction (897 words)
Workplace pensions have been making headlines recently with the government trying to make public sector workers work longer and pay more to get less ...
1. A new framework for workplace pensions (2,266 words)
Over the next few years every employer will have cause to review their pension arrangements in readiness for a new regime of statutory ...
2. The challenge for workplace pensions (2,610 words)
Auto-enrolment will deliver a minimum level of pension saving by employers on behalf of workers who also save themselves (rather than opting out) ...
3. The new auto-enrolment employer duties (4,958 words)
Until now employers’ duties to provide a workplace pension have been strictly limited. Since 2001 employers with five or more employees have ...
4. Qualifying pension schemes (5,125 words)
The choice of a pension scheme or schemes that the employer intends to have open once their auto-enrolment duties come into force is a key decision ...
5. Safeguarding pensions (2,468 words)
Statutory auto-enrolment is being introduced at a time of considerable turmoil, change and decline in workplace pension scheme coverage and quality. ...
Further help and information (66 words)